By synchronizing with wave count in the longer time frame, the March 2020 is designated as wave b and a multi-months wave c has been expected since then. However, the wave structure is obviously corrective right from wave onward, therefore, a 3-3-3-3-3 expanding diagonal wave c is forming instead of an impulse wave; while the present complex expanded flat...
It has been corrective in wave structure since the September 2011 top, and together with the present break up of a higher high, that constitutes a multi-year expanding flat correction wave {4} in the making. While present wave B is looking for an eventual upside target near 1.382 x wave A.
It has been corrective in waveform since the 10th of June top and very likely forming an expanding flat correction wave (iv) with the break out of wave b. Further confirmation with the completion of this current expanding diagonal minor wave (c) of b at the breakout, would see a steep drop or retrecement wave c towards the beginning of this diagonal.
Wave c of corrections can be impulse waves or ending diagonals; while ending diagonals can be expanding or converging. Here, It's an expanding diagonal wave c from the 9th of March low; while the minor wave c from the 24th of March top is completing an impulse wave. Therefore, setting up for the expanding ranges
The wave count is revised for a wave of expanding diagonal (c) down towards a lower low. Expecting the development of a minor complex wave iv orange as it alternates with the simple wave ii
Despite the invalidation of previous wave count, the protracted completion of wave b at a higher high provides an entry zone for even better downside potential